 Hi I'm Chris Thompson back here at PDAC 2023 for Investor Intel and today I'm with Peter Clausi who's the VP Capital Markets of Silver Bullet Mines. Heavy emphasis on the word mines because we're back to mining again. We are. I love PDAC by the way. Gratuitous shoutout. I love this place. So for those who don't know the company what's going on the Buckeye property or project in Arizona? As of Friday we are producing silver. We're not testing. We are producing silver. We are the world's latest silver producer. I can't say that enough. It makes me happy every time I say it. It's taken a while to get here. The weather was against us. We had a foot of snow in Arizona last week which turned the ground to mud. The shipping at Long Beach lost our booth for 70 days. We had rains. We had winds but we are in production and it's a wonderful sentence to be able to say. So you've had some recent news releases about some sampling you've done and some drifts. Some assays. One drift. One drift. Sorry. One drift. Some assays. Pretty spectacular numbers. Why don't you just talk about the low grade numbers before you talk about the high grade numbers? The low grade numbers were coming out I think at five ounces per ton and those were off the drill clippings. So what we've done is there's a place called the treasure room which is empty but we haven't shored it up yet so we're not putting anybody in there. From historical reports we thought there was going to be a higher grade area over here so that's where we've been drifting to. We thought the higher grade area would be here. We seem to have hit it here because apart from the drill clipping numbers which as you point out are five ounces per ton. Still pretty good. The higher grade number was 270 ounces per ton when one considers that bonanza silver according to common wisdom starts at 30 ounces a ton. Having 270 and 250 and 260 are wonderful numbers. That type of rock must almost be like pure silver. We put a picture of it up on our Twitter feed. There's a thin line of host rock, a big slab of silver and a thin grade of host rock. Now remind the viewers again the mill you put it into you constructed last year. What is it rated for? It's plated 125 tons a day so when I do my math I count on 100 tons a day because things happen. And so on the mining side how much ore is being mined at the mine these days? First off the OSC won't let us call it ore because we don't have a 43-101 so it's mineralized material. Mineralized material? If you say potato I'll say mineralized material. There is about 750 tons of the higher grade material at the mine site ready for shipping. There's some of the lower grade material at the mill site I don't know how much. And you are processing that these days? Yep just fine just fine-tuning the lower with the lower grade material then we process the high grade stuff and we would never have gotten here if it weren't for Dr. McGregor at the Laurentian University Hardcore School of Mining. We had a problem with the mineralogy we couldn't figure out. Dr. McGregor figured it out a very simple solution involving a magnet so thank you Laurentian University for getting it right for us. And for those interested if you look on the website there's a you gave a photo of the ingot that was the other door a bar that was awful right and that was a problem you had last year that you think you've resolved and yeah in September and the photo from a new recent news release had a more properly formed yeah a more recent door a bar after we installed Laurentian University solution and so with production happening this year what about sales what are you doing with the silver once it's produced? We've had we have one order for 50 kilograms which we can up to 500 kilograms on short on one week's notice but we've had numerous inquiries I don't anticipate a problem selling the silver. I've been at the show for a couple of days now I've seen a couple of presentations on silver and silver coins and it seems to be there is more demand for silver coins and there is supply so I can see that. Yeah whether it be a smelter or a refinery or a mint I don't anticipate encountering problems and selling the material so if you're selling material that's revenue that means cash flow you know you probably never have profits because once you have cash flow you decide how you're going to allocate that cash reinvest in the properties upgrade the mill expand the mill but our goal is cash flow. Talking about the properties in and around the mine what are you doing there? As a until we're into cash flow nothing we are laser focused on cash flow from the mill site. But what potential do you see? Oh there's oh my god there's a new gold find about a month ago we're trying to put that out of our mind because it's so exciting you don't want the geologic team drifting over for a look right focused on the mill produce me some silver but we there's it's a massive property called the black diamond there's numerous past producing mines on it whether registered or artisanal and there's appear to be discoveries waiting for us to find everywhere plus we have the mine up in Idaho that as soon as the snow clears out we'll get that into production that was my next question so the Washington the old Washington mine in Idaho yep what's going to be planned for 2023 there well first off we're hoping mother nature is nice to us because they had as of December 160 percent of last year snow fall already so very deep our problem isn't clearing the snow so we have nowhere left to put it you can't just plow it out to the highway and leave it there so we're going to wait for spring melt and make decisions then and hopefully the cash flow from the mine will help find some exploration there perhaps perhaps but my anticipation is that once we're into regular production we'll begin negotiating offtake agreements with producers with a variety of companies around the world and that then solves that problem thanks for your time Peter it's Chris Thompson for Investor Intel and today I was with here with Peter Clousey from Silver Bullet Mines